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Company Profile

BRW’s Rich Bosses list is drawn from Australia’s top 300 ASX-listed companies, ranking Australia’s 100 wealthiest directors and managers as measured by the value of the shareholdings in the companies they work for.

The list is different from BRW’s other rich lists because it excludes privately held wealth. The people on the Rich Bosses list must have day-to-day management responsibilities at the companies they head to be eligible.

Rich Bosses Top 5

Rank

Name

Company

Wealth

1

Rupert Murdoch

News Corporation

$9.13 billion

2

James Packer

Crown Limited

$4.34 billion

3

Kerry Stokes

Seven Group Holdings

$2.3 billion

4

Kerr Neilson

Platinum Asset Management

$1.64 billion

5

Gerry Harvey

Harvey Norman Holdings

$818.2 million

News Corporation
chairman
Rupert Murdoch
tops the 2013 list with a shareholding worth $9.13 billion, up from $6.01 billion last year. Not only has Murdoch posted the biggest increase on this list, but his salary of $29 million is also the largest of the 100 members.

A resurgent
James Packer
is second on the list with $4.3 billion, followed by
Kerry Stokes
($2.3 billion) and fund manager
Kerr Neilsen
($1.64 billion).

Retail veteran
Gerry Harvey
was fifth with $818 million, proving fortunes can still be made from bricks and mortar retail.

Murdoch has held top spot on the annual Rich Bosses list since 2009, bar 2011 when former
Fortescue Metals Group
chief executive
Andrew Forrest
was No. 1, with $6.23 billion in Fortescue shares.

However, the success or otherwise of the planned spin-off of News Corp’s publishing business, due to occur later this year, may make it more difficult for Murdoch to retain top spot on the Rich Bosses list next year.

Just three women make the list.
Westpac Banking Corp
’s
Gail Kelly
is the highest ranked woman, with $49.3 million, while
Katie Page
from
Harvey Norman Holdings
and
Claire Gray
from
Corporate Travel Management
also qualify.

Mining company
Mineral Resources
and
Wesfarmers
have the most members on the list, each with four.

Wesfarmers managing director
Richard Goyder
and finance director
Terence Bowen
are joined this year by the managers of
Bunnings
and
Kmart
,
John Gillam
and
Guy Russo
.

The minimum entry level is $13.5 million, compared with $13.2 million last year.